Is Boone County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Boone County has remained a Seller's Market.
Housing Prices in Boone County, IL
How much do homes in Boone County, IL cost?
Median Sold Price
$246,000
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Boone County was $246,000 in May 2024, up 14.4% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $237K | $85K | -64.1% |
2 Bedrooms | $135K | $150K | +11.1% |
3 Bedrooms | $215K | $246K | +14.4% |
4 Bedrooms | $260K | $287.5K | +10.6% |
5+ Bedrooms | $217.5K | $312.5K | +43.7% |
Summary: Boone County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 64.1%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 14.4%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 43.7%.
Median Sold Price Compared To Nearby Counties
Boone County | $214.9K | $246K | +14.4% |
DeKalb County | $232.1K | $265K | +14.1% |
McHenry County | $299.1K | $325.3K | +8.8% |
Walworth County | $333.3K | $362.7K | +8.8% |
Rock County | $240K | $250K | +4.2% |
Housing Supply in Boone County, IL
How many homes are available in Boone County, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
106 | 114 | +7.5% |
Summary: The Boone County real estate market had 114 homes for sale in May 2024, a 7.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 13 | +62.5% |
3 Bedrooms | 57 | 61 | +7.0% |
4 Bedrooms | 34 | 29 | -14.7% |
5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The Boone County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 62.5%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 14.7%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 | 37 | +27.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in Boone County in May 2024, up by 27.6% month-over-month. Of the 37 sold homes, 22% were sold under asking, 32% were sold at asking, and 46% were sold over asking.
Days on Market for Boone County, IL
How long does it take to sell a home in Boone County, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 24 Days | +0.7% |
Summary: Homes in Boone County had an average of 24 days on market in May 2024, up by 0.7% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 37 homes were sold in Boone County; 70% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.